Industry

Car purchases are the worst kind of debt

One of the things I often recommend my clients work into their financial plan are major purchases. When it comes to my clients, as well as my own finances, the one purchase I hate the most is buying a car. You would think I would hate credit cards the most. Don’t get me wrong, they […]

|October 19, 2009

6 min read

Feds look to shut down certain TFSA practices

Advisors who think they’ve found a great tax-loophole in the tax-free savings account (TFSA) rules, may want to revisit their strategy. On Friday, Canada’s Minister of Finance, Jim Flaherty, proposed amendments to the Income Tax Act to bulk-up certain restrictions on the use of TFSAs. Essentially, the government would clarify certain features of the TFSA […]

By Mark Noble |October 19, 2009

3 min read

Briefly:

“Domestic momentum” should help corporate earnings outpace the challenges of a soaring loonie, a new report from CIBC World Markets points out. “We see profit levels north of the border benefiting from some critical offsetting factors,” says Peter Buchanan, senior economist with CIBC, in the latest TSX Earnings Watch. “Canadian consumers and businesses still look […]

By Staff |October 19, 2009

4 min read

Outwitting the bear

Returns have been good for some hedge fund managers this year. But despite the stock market rally, they are sanguine about the prospects for a full economic recovery. There has been a sea change. The unwinding of financial leverage brought stock and debt markets to lows experienced at the depth of the tech crash as […]

By Scot Blythe |October 16, 2009

4 min read